Mary Purchased a New Five-Year Class Asset on March 7,2014

Multiple Choice

Mary purchased a new five-year class asset on March 7,2014.The asset was listed property (not an automobile) .It was used 60% for business and the rest of the time for personal use.The asset cost $90,000.Mary made the § 179 election.The income from the business before the § 179 deduction was $60,000.Mary does not take additional first-year depreciation (if available) .Determine the total deductions with respect to the asset for 2014.

A) $10,800
B) $18,000
C) $30,800
D) $60,000
E) None of these